When the loan you have funded shows as "Defaulted," it means the Borrower has failed to make payments to the Funders for 180 consecutive days. There can be various reasons for this occurrence, which you can check in the loan details. When a loan is defaulted, KoinWorks provides protection through a Protection Fund, and the coverage amount depends on the loan grade.
What happens to my funding when the loan status is "Defaulted"?
Modified on: Fri, 17 Nov, 2023 at 6:51 PM
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